Indian Bank Vagarayampaalyam Coimbotore Tamil Nadu MICR CODE

Find MICR Codes for Indian Bank Vagarayampaalyam Coimbotore Tamil Nadu

MICR Code
Bank Indian Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Vagarampalayam
Contact 0421 2362280
Bank Details Indian Bank Vagarampalayam IDIB000V058
Location Vagarayampaalyam, Coimbotore
City Vagarayampaalyam
District Coimbotore
State Tamil Nadu
Pincode 641659
Country IN
Address Vagarayampalayam via karumathampatti coimbatore 641659
Note: The working hours listed are generalized for all banks. Please take a note that the bank timings may vary from branch to branch. As per guidelines issued by Reserve Bank of India, banks will not be operational on 2nd and 4th Saturdays and all Sundays of a month.

How does MICR code 641019025 for Vagarampalayam branch help to speed up the cheque clearing process?

In manual clearing of cheques, many errors may occur and the whole process is quite time consuming. The MICR technology speeds up the processing of cheque as it reduces manual efforts of sorting. Thus the 641019025 of Indian Bank, Vagarampalayam branch makes the system almost error free and faster. Use of Indian Bank MICR codes for Vagarampalayam branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Indian Bank are available with micr code -

>>Vagarampalayam

MICR code for Indian Bank Vagarampalayam

Indian Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Indian Bank MICR code for Vagarampalayam is a 9 digit code, in which first 3 digit represents the city code, next 3 digit to bank code and later 3 digit to branch code. 641019025 is the MICR code of Indian Bank for Vagarampalayam branch. MICR code for Vagarampalayam branch includes document type indicator, bank code, cheque number, etc. When a cheque goes for clearing, this code is read by a magnetic reader and then automatically sorted. MICR code for Indian Bank Vagarampalayam is presented in the table alongside.

Use of Indian Bank MICR code for Vagarampalayam branch in vagarayampaalyam

The MICR code 641019025 is used in RBI cheque clearing process to identify the branch Vagarampalayam and Indian Bank bank for clearing processes. The MICR characters, which are printed using magnetic ink, are passed before a MICR reader. Initially the ink gets magnetized and when it is read, each character produces a unique waveform which can be easily identified. MICR code of Indian Bank is typically in either of these two font’s: E-138 and CMC-7.

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